Thread by @mgoldfarb999

1/ Legal Scholar Tim Wu Says the US Must Enforce Antitrust Laws >> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19 >> Tim Wu >> who coined the phrase "net neutrality >> " supports Senator Elizabeth Warren's call to review big tech mergers

2/ >> How did we go from Standard Oil and AT&T being broken up to the point where people are arguing that the Sherman Act only allows the government to stop companies from charging consumers too much money >> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19

3/ >Wu: It's obviously an example of conservative activism,where they've taken something like the Sherman Act that says flatly that creating a monopoly is a felony and narrowed it so far as to almost reverse its meaning >> bit.ly/3jsXaAm by @klintron via @WIRED 3/11/19 >

4/ It's an astonishing development >> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19 > It's evidence of a strong ideology that takes the market as sovereign and doesn't agree that Congress or democratic institutions can interfere with the market

5/ >> It assumes that the market and businesses are supreme over people >> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19 > I don't know if it would be openly admitted to >> but if you look at what Congress said and what the courts did

6/ >> it's hard to argue otherwise >> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19 > Someone might disagree with some of the antitrust laws

7/ >> but taking political disagreements to beat away at a thing until it hardly exists anymore >> frankly >> it's anti-democratic >> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19 >

8/ WIRED: What's the most important thing that leaders can do to rein in monopolies >> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19 > Wu: I think fighting concentration directly is really important

9/ >> Both being much stricter about blocking mergers >> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19 > and going back and fixing some of the biggest mistakes

10/ >> It's become presumptive that any company can merge and the industry can go down to three or four players >> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19 >

11/ I don't think these oligopolies are good for employees >> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19 > good for productivity >> good for anything

12/ >> I think we've been too lax on mergers >> That's the one thing I'd change if I had to boil it down to one thing.>> bit.ly/3jsXaAm by Klint Finley @klintron via @WIRED 3/11/19 >

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